Sanjan91

Sanjan91

Nifty 50 price is near a very important support trendline and in the 2Hr time frame, we could see a XABCD bullish butterfly pattern. This XABCD pattern gives 3 targets once the price breaches 17650 and the support trendline. If the price trades below 17650 in the afternoon, we could see a fall. The RSI can be seen just below 50 and Choppiness Index near 61.8...

Sanjan91

NIfty 50 is trading in a range. Wait for the range to break to gain momentum on either side. The XABCD shark pattern and AB=CD give us the targets for shorts and longs. This could work for the hero or zero setups also. Keep a SL according to your risk appetite.

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In the hourly timeframe, we can clearly see that the downtrend has been changed to an uptrend and is continuing. A correction up to point C (higher low) is seen and then the price is trying to break point B ( breakout level- trying to make a higher high). If the price sustains above point B, then we can see the price going to the supply zone shown on the chart....

Sanjan91

NIFTY IT index is currently at a potential reversal point suggested by the XABCD bullish crab pattern and low RSI value on the daily timeframe. The bounce may be up to 0.382-0.618 fib zone extension of CD. This doesn't mean IT would reverse its trend from here. Before the budget, it might test important resistance 36750. This might be just a correction for the...

Sanjan91

BNB is nearing a supply zone/PRZ. It could retrace onto the support trendline before breaking the all-time high. Observe the price action if the price corrects from the supply zone bounces off the trendline. Buying can be done at the trendline or near 510. The 640-695 zone could be a very tough zone to break and a false breakout might happen, get the volume...

Sanjan91

Bank nifty had to cross the breakout level or breakdown level to show momentum. It is trading somewhere in the middle. Long above 40160 and short below 38430. Targets are mentioned on the charts. Happy trading :) This is just for educational purposes.

Sanjan91

Nifty opened the Muhurat session with a gap up of 100+ points but it must trade above 18000 for short-covering moves. Near 17950-18000, there is a supply zone created by the shark pattern from where the price could take a dip or could take it by force to the upside for short-covering momentum. Happy trading. :) This is just for educational purposes.

Sanjan91 Updated 

Bank Nifty is forming a XABCD bullish bat pattern. This pattern gives us a demand zone or a potential reversal zone from where the downtrend may reverse. Buy bank nifty between 39850-39550 Stoploss 39290, below this level we may witness long unwinding as well. If the RSI crosses below 50, the fall could be quicker until 30. Best setup: RSI 30-20 and the price...

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Nifty could fall more if the price manages to close 17968 in day basis. The breakout below 17968 could trigger a fall up to 17820 and then a sharp reversal can be seen. The bounce could be up to 18150 from 17820. Below the 17820 levels, the long unwinding may start. This should be the stoploss for longs. Keep in mind, the RSI is at 50, if RSI falls below 50,...

Sanjan91

Hero Motorcorp is at an important demand zone. If the price bounces off of this zone, then consider taking a long position. However, due to bad results if the price manages to slip below the demand zone, then open a short position. The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B...

Sanjan91

BTC is falling but a quick update up to where the fall could be. The first bounce will be at 55k and it goes to test 60k levels again. This might form a XABCD bullish bat pattern. Below this, the price could go to test the 52k-50k levels. Happy trading :) This is just for educational purposes.

Sanjan91

ONGC is trying to break the Bullish Rectangle pattern. Buy above 164, but volume confirmation is crucial. Stop loss at 153. The target is set by XABCD bearish crab pattern and bullish flag pattern. Happy trading :) This is just for educational purposes.

Sanjan91 Updated 

Bank nifty is near its swing high, it may take a correction or take out the supply zone with the short covering moves. Here we analyze the PSU bank index, Private bank index, and ICICI bank to see what could be the scenario on Monday. Today, we have ICICI bank's results which decide the Bank Nifty's run. In the above image of the PSU bank index, we can see...

Sanjan91

Here's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone. This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally. However, if the...

Sanjan91

Solana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone. The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is...

Sanjan91

Supreme industries' results came out positive and the price is near the potential reversal zone of the XABCD bullish shark pattern. The targets and the stop loss is mentioned on the chart. Happy trading :) This is just for educational purposes.

Sanjan91 Updated 

Maruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ. This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ). We can also a downtrend line is broken, but for...

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Astral broke the 2085 level with huge volumes and now trying the pullback test. If it manages to sustain above this level, go long. Book your profits near the supply zone or trail them for upper targets. If the all-time is broken, then aim for the 2500 mark. Stoploss level and target levels are mentioned on the chart. Happy trading :) This is just for...